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International Spillovers of Macroeconomic Shocks : A Quantitative Exploration

Laxton, Douglas - 2000

This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on the industrial economies of adverse shocks to the current U.S. economic...

Persistent link: https://www.econbiz.de/10014399922

Financial frictions in data : evidence and impact

Taheri Sanjani, Marzie - 2014

Persistent link: https://www.econbiz.de/10010479493

The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?

Hunt, Ben - 2003

between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both …

Persistent link: https://www.econbiz.de/10014399692

Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data?

Galí, Jordi - 2004

Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...

Persistent link: https://www.econbiz.de/10014403910

Productivity Shocks, Learning, and Open Economy Dynamics

Miniane, Jacques - 2004

I study the implications of productivity shocks in a model where agents observe the aggregate level of productivity but … shock is sluggish and peaks with delay; (ii) permanent shocks generate positive rather than negative savings on impact; and …

Persistent link: https://www.econbiz.de/10014400934

Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence From a Panel of 14 Countries

Johnston, Louis Dorrance - 1997

We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and … find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that …

Persistent link: https://www.econbiz.de/10014401799

VAR meets DSGE : uncovering the monetary transmission mechanism in low-income countries

Li, Bin; O'Connell, Stephen A.; Adam, Christopher S.; … - 2016

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these...

Persistent link: https://www.econbiz.de/10011705702

International spillovers of forward guidance shocks

Jones, Callum; Kulish, Mariano; Rees, Daniel M. - 2018

After 2007, countries that cut their policy interest rates close to zero turned, among other policies, to forward guidance. We estimate a two-country model of the U.S. and Canada to quantify how unexpected changes in U.S. forward guidance affected Canada. Expansionary U.S. forward guidance...

Persistent link: https://www.econbiz.de/10011852669

News and Monetary Shocks at a High Frequency : A Simple Approach

Matheson, Troy - 2014

We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve’s May 22, 2013 taper talk suggesting that it would begin winding down its...

Persistent link: https://www.econbiz.de/10014411524

Crime and the economy in Mexican states : heterogeneous panel estimates (1993 - 2012)

Verdugo Yepes, Concepcion; Pedroni, Peter Louis; Hu, Xingwei - 2015

Persistent link: https://www.econbiz.de/10011374743

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